Key Points
- Director Jeffrey Shellberg sold 160,000 shares of Bridgewater Bancshares at an average price of $21.04, generating $3.37 million. His remaining direct ownership fell by 60.11% to 106,187 shares.
- Bridgewater Bancshares reported quarterly EPS of $0.45, matching analyst estimates, while revenue of $40.89 million came in below the $41.43 million consensus forecast.
- Analyst sentiment remains favorable, with a “Moderate Buy” consensus and an average price target of $22.00; Piper Sandler recently raised its target to $24.00. Institutional investors own 65.83% of the company.
Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) Director Mary Jayne Crocker sold 11,000 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $21.04, for a total transaction of $231,440.00. Following the completion of the transaction, the director directly owned 224,384 shares of the company's stock, valued at approximately $4,721,039.36. This trade represents a 4.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Mary Jayne Crocker also recently made the following trade(s):
- On Thursday, July 30th, Mary Jayne Crocker sold 11 shares of Bridgewater Bancshares stock. The stock was sold at an average price of $21.21, for a total value of $233.31.
- On Thursday, May 21st, Mary Jayne Crocker sold 6,525 shares of Bridgewater Bancshares stock. The stock was sold at an average price of $18.50, for a total value of $120,712.50.
- On Monday, May 11th, Mary Jayne Crocker acquired 205 shares of Bridgewater Bancshares stock. The stock was purchased at an average cost of $20.00 per share, with a total value of $4,100.00.
Bridgewater Bancshares Stock Performance
Shares of BWB stock opened at $21.07 on Thursday. The stock has a fifty day moving average price of $20.52 and a 200 day moving average price of $19.18. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market cap of $587.49 million, a PE ratio of 11.45 and a beta of 0.57. Bridgewater Bancshares, Inc. has a 1 year low of $15.15 and a 1 year high of $22.59.
Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last posted its earnings results on Tuesday, July 21st. The company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. Bridgewater Bancshares had a return on equity of 11.21% and a net margin of 18.38%.The company had revenue of $40.89 million for the quarter, compared to analyst estimates of $41.43 million. Sell-side analysts forecast that Bridgewater Bancshares, Inc. will post 1.85 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Bridgewater Bancshares
A number of institutional investors have recently made changes to their positions in BWB. NewEdge Advisors LLC acquired a new position in Bridgewater Bancshares in the 1st quarter valued at about $263,000. Bank of America Corp DE grew its holdings in shares of Bridgewater Bancshares by 14.4% during the first quarter. Bank of America Corp DE now owns 20,759 shares of the company's stock worth $367,000 after buying an additional 2,615 shares in the last quarter. Rhino Investment Partners Inc grew its stake in Bridgewater Bancshares by 5.5% in the 1st quarter. Rhino Investment Partners Inc now owns 430,456 shares of the company's stock worth $7,619,000 after acquiring an additional 22,502 shares during the period. Empowered Funds LLC raised its holdings in Bridgewater Bancshares by 79.8% in the 1st quarter. Empowered Funds LLC now owns 92,109 shares of the company's stock valued at $1,630,000 after acquiring an additional 40,890 shares during the last quarter. Finally, Quantinno Capital Management LP raised its holdings in Bridgewater Bancshares by 27.3% in the 1st quarter. Quantinno Capital Management LP now owns 47,254 shares of the company's stock valued at $836,000 after acquiring an additional 10,122 shares during the last quarter. 65.83% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts recently commented on BWB shares. Weiss Ratings raised shares of Bridgewater Bancshares from a "buy (b)" rating to a "buy (b+)" rating in a research note on Thursday, June 18th. Piper Sandler lifted their target price on shares of Bridgewater Bancshares from $23.00 to $24.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. Finally, DA Davidson reaffirmed a "buy" rating and issued a $22.00 price target on shares of Bridgewater Bancshares in a report on Wednesday, April 22nd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Bridgewater Bancshares presently has an average rating of "Moderate Buy" and an average target price of $22.00.
Check Out Our Latest Stock Analysis on Bridgewater Bancshares
Bridgewater Bancshares Company Profile
(
Get Free Report)
Bridgewater Bancshares, Inc is the bank holding company for Bridgewater Bank, a New Jersey-chartered community bank founded in 2006. Headquartered in Bridgewater, New Jersey, the company provides a broad array of financial services designed to meet the needs of both individual and business customers. As a locally focused institution, Bridgewater Bancshares emphasizes relationship banking, combining personalized service with the efficiency of modern banking technologies.
The company’s retail banking platform offers checking and savings accounts, certificates of deposit, money market accounts and consumer loan products.
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